M Funding Rate and Open Interest on Bybit
Live Bybit M data from Bybit's public API. Charts show Bybit only; the table compares M on every tracked exchange.
Bybit holds $1.57M of M's $8.19M open interest across 6 exchanges (#2): see M open interest on every exchange or compare M funding on every exchange. M funding on Bybit is 0.0100% per 8 hours (≈11% APR), settles every 4 hours with a current interval quote of 0.0050%, above the OI-weighted average of 0.0007% across exchanges. Bybit M open interest changed +55.76% over the last 24h. $47K of Bybit M positions were liquidated over the last 24 hours, 89.5% of it longs.
Bybit M liquidations · last 24 hours
All liquidations →M markets on Bybit
1 perp| Market | Price | Vol 24h | Open interest | OI 24h | Funding / 8h | APR | Interval / current quote | Trade |
|---|---|---|---|---|---|---|---|---|
| MUSDT perp | 0.8680 | $14.58M | $1.57M | +55.76% | 0.0100% | ≈11% APR | 4 hours · 0.0050% | Trade ↗ |
M funding on Bybit
8h equivalent, this exchange onlyLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
M open interest on Bybit
USD, this exchange onlyLoading chart…
Not recorded Chart: TradingView Lightweight Charts™
Seven completed days of M funding observations on Bybit
| UTC date | Mean funding / 8h | Observed hours |
|---|---|---|
| 0.0100% | 24/24 hours | |
| 0.0092% | 24/24 hours | |
| 0.0100% | 24/24 hours | |
| 0.0117% | 24/24 hours | |
| 0.0100% | 24/24 hours | |
| 0.0100% | 24/24 hours | |
| 0.0116% | 24/24 hours |
Daily mean of hourly observed 8-hour-equivalent funding, not settled payments or a cashflow sum. Each hour uses the chart's open-interest weighting across Bybit M perpetual contracts (a plain mean when no positive OI is available). Stored rates are already normalized; today's settlement interval is not applied again. Coverage counts usable hourly buckets, not every five-minute sample. Missing hours are excluded, not zero.
M on every exchange
M funding, all exchanges →| # | Exchange | Open interest | Share | Funding / 8h | APR | Perp vol 24h |
|---|---|---|---|---|---|---|
| 1 | Binance | $3.96M | 48.3% | 0.0100% | ≈11% APR | $30.80M |
| 2 | Bybit | $1.57M | 19.2% | 0.0100% | ≈11% APR | $14.58M |
| 3 | KuCoin | $1.28M | 15.7% | -0.0408% | ≈-45% APR | $15.01M |
| 4 | Bitget | $784K | 9.6% | 0.0100% | ≈11% APR | $4.83M |
| 5 | Gate | $593K | 7.2% | -0.0088% | ≈-10% APR | $2.69M |
| 6 | Aster | $3,743 | 0.0% | 0.0100% | ≈11% APR | $404K |
| — | MEXC | $184K | not ranked | 0.0100% | ≈11% APR | $620K |
How it's counted. Open interest is the USD value of open M perpetual positions (one side) at the mark price. Funding is shown as the 8-hour equivalent so exchanges with 1-, 4- and 8-hour settlements compare directly; the interval column gives the current quoted rate for each market's native funding interval. This quote can change before settlement and does not prove a payment already occurred. HIP-3 markets that share the ticker are left out. Coverage: Every liquidation (allLiquidation stream); OI and funding polled every 30s; USDT and inverse perps.
M on Bybit FAQ
What is the M funding rate on Bybit?
0.0100% per 8 hours (0.0050% per 4 hours, the current quote; ≈11% APR) is the M perpetual funding rate on Bybit. Positive means longs pay shorts. The chart below shows Bybit's M funding history only.
How often does Bybit pay M funding?
Bybit settles M funding every 4 hours; the 8-hour figures on this page are scaled to that interval for comparison. The current quote can change before settlement and does not prove a payment already occurred.
How much M open interest is on Bybit?
$1.57M open M perpetual positions on Bybit, valued at the current mark price and counted on one side. The comparison table shows every other exchange's share.
Where does the data come from?
Bybit's public market-data API, read live by this site. Nothing here comes from paid data vendors.